Dollar General CEO Rick Dreiling Retiring

Dollar General announced on Friday that company Chairman and CEO Rick Dreiling is retiring, potentially reducing the chances of a merger with discount rival Family Dollar, according to at least one analyst. Dreiling will retire effective May 30, 2015, or upon the appointment of a successor. He's agreed to continue serving as chairman for a transitional period after a new CEO has been appointed. Dreiling has served as CEO since January 2008 and was named chairman in December 2008. Since his arrival, Dollar General's annual sales have increased more than 80 percent to $17.5 billion in 2013.